Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Senior who wrote (42252)	4/12/2011 6:58:51 PM
From: E_K_S	Read Replies (1) of 78715

Hi Paul - Trying to find value and stick to the theme. I am feeling much more comfortable nibbling at several of those E&P stocks as they come down to my price targets (I like to buy when they cross down below their 200MA). The value proposition remains strong as long as I stick with those companies that continue to find oil at a reasonable cost (many are able to hold their costs at $40.00/barrel or lower) and they continue to add to their proven reserves. To me, this is money in the bank. Knowing that crude could even go back down to $80.00/barrel, I have no problem adding to my basket as the "value" buy is still there. AXAS is one I missed and was on my watch list. I held off at $4.40/share in March as they announced a secondary offer at $4.00/share. They have some very nice assets in several key zones. I will nibble at a few shares if it should sell below $4.50/share. I have identified more possible stock sales in sectors that to me seem to be reaching fair value now (ie BKH & SE) and will pull the trigger once I have a place for the funds. It will be interesting to see how the market reacts to Obama's speech tomorrow and also where the Fed stands on QE2. I anticipate a continued sell off and then the resumption of the slow steady rally in natural resource companies. As I posted earlier, BHP is sitting with $50 Billion in cash ready to deploy (most likely in NG and/or oil assets) which could be the stimulus to get new money back into this sector. EKS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next